logo
Cognizant to hire 20,000 freshers in 2025 to support AI-led software services

Cognizant to hire 20,000 freshers in 2025 to support AI-led software services

Mint02-05-2025

US IT firm Cognizant, which has a huge employee base in India, has announced plans to hire 20,000 freshers in 2025 -- a move intended to reshape the company's talent pyramid, particularly to support managed services and AI-led software development.
While the company's overall headcount remained nearly flat compared to previous quarter at 3,36,300, Cognizant's leadership highlighted the strategic importance of talent amplification as the firm accelerates its growth and innovation agenda.
"As we stated at our Investor Day, we are hiring 20,000 freshers as part of our strategy, which is more than double what we did last year," Cognizant CEO Ravi Kumar S said.
This year, Kumar noted that the company plans to hire many more fresh graduates to build a stronger workforce pyramid, especially since managed services projects have increased over the past two years. "But it also comes equally with a overhead of carrying higher bench at a lower cost and actually offshore," he said.
He said the company is focusing on three areas -- hiring freshers, increasing productivity through AI, and improving utilisation to manage human capital costs effectively. Cognizant shared that 14,000 former employees have rejoined the firm, with 10,000 more in pipeline.
"...with amplifying talent, we are strengthening our talent pipeline with skills needed for the AI era. As you heard us talk about during the Investor Day, we are upskilling our workforce at scale, leveraging AI to meet demand faster and identifying talent pools to address new areas unlocked by AI," Kumar said.
The New Jersey-headquartered firm has reported 7.45 per cent year-on-year growth in revenue to USD 5.1 billion for the January-March quarter of 2025.
First Published: 2 May 2025, 06:24 PM IST

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

No declining trend in FDI into India: Piyush Goyal
No declining trend in FDI into India: Piyush Goyal

The Hindu

time23 minutes ago

  • The Hindu

No declining trend in FDI into India: Piyush Goyal

There is no declining trend in Foreign Direct Investments (FDI) into India, though periodic fluctuations may occur sometimes due to global interest rate changes, Commerce and Industry Minister Piyush Goyal has said. Mr. Goyal added that India is seeing renewed overseas inflows and the government is open to suggestions and will adopt new measures to promote FDI in the country. Over the last eleven financial years (2014-25), India attracted FDI worth USD 748.78 billion, an increase of 143 per cent over the previous eleven years (2003-14), which saw USD 308.38 billion in inflows. Spent an engaging evening with Indian business delegates. Held insightful conversations on exciting opportunities, partnerships, and new avenues for trade & investment between India & Switzerland, emerging from the India-EFTA Trade and Economic Partnership Agreement. 🇮🇳🇨🇭 — Piyush Goyal (@PiyushGoyal) June 10, 2025 Additionally, the number of source countries for FDI increased from 89 in 2013-14 to 112 in 2024-25, underscoring India's growing global appeal as an investment destination, Mr. Goyal said. Given these figures, "I don't think that there is any declining trend, periodically there may be some changes, and that happens more due to changes in interest rate cycles in other countries, so if the bond yields in some countries become exorbitantly high, money tends to flow into those countries. we have once again seen money flowing back into India," Mr. Goyal told reporters here. In 2024-25, India received a total FDI of USD 81 billion, which is the highest in the last three years, he said. With USD 81 billion, India is back into the FDI growth trajectory, he said, adding, "We are a listening government. We are open to suggestions and we are always ready to adopt newer measures". The highest was USD 84.83 billion in 2021-22. The minister is here on an official visit to hold meetings with Swiss leaders and companies to boost trade and investments between the two countries. Foreign direct investment in India fell 24.5 per cent year-on-year to USD 9.34 billion in the January-March quarter of 2024-25 but grew 13 per cent to USD 50 billion during the entire previous financial year. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 14 per cent to USD 81.04 billion during the last financial year. The same stood at USD 71.3 billion in 2023-24. During 2024-25, Singapore emerged as the largest source of FDI with USD 14.94 billion inflows. It was followed by Mauritius (USD 3.73 billion against USD 8.34 billion), the US (USD 5.45 billion), the Netherlands (USD 4.62 billion), the UAE (USD 3.12 billion), Japan (USD 2.47 billion), Cyprus (USD 1.2 billion), UK (USD 795 million), Germany (USD 469 million), and Cayman Islands (USD 371 million). Sectorally, inflows rose in services, trading, telecommunication, automobile, construction development, non-conventional energy and chemicals.

India's poverty levels continue to fall as SBI projects 4.6% rate for 2024
India's poverty levels continue to fall as SBI projects 4.6% rate for 2024

Time of India

time27 minutes ago

  • Time of India

India's poverty levels continue to fall as SBI projects 4.6% rate for 2024

India's poverty continues to decline steadily, with the poverty rate likely to fall to 4.6 per cent in 2024, estimates a recent report by the State Bank of India (SBI). This marks a significant improvement from the 5.3 per cent poverty rate estimated by the World Bank for India in 2023. The report said "Poverty estimates by SBI and World Bank are remarkably similar.... SBI estimates it at 4.6 per cent in from 5.3 per cent in 2023 as estimated by World Bank". The report highlighted that the country has made remarkable progress in reducing poverty, and its latest estimate shows a further fall from the World Bank's assessment. The decline in poverty is largely supported by new methods of data collection and updated definitions. India's recent Household Consumption Expenditure Survey (HCES) adopted the Modified Mixed Recall Period (MMRP) method, replacing the older Uniform Reference Period (URP). Live Events As per report, this new method uses shorter recall periods for items that are purchased more frequently, providing a more accurate picture of household consumption. As a result, recorded consumption in national surveys have gone up, which in turn has lowered the estimated poverty levels. For instance, in 2011-12, using MMRP reduced India's poverty rate from 22.9 per cent to 16.22 per cent under the older USD 2.15 per day poverty line. In the 2022-23 survey, poverty stood at just 5.25 per cent under the new hiked USD 3.00 per day poverty line, and even lower at 2.35 per cent under the old USD 2.15 line. The World Bank recently revised the global poverty line from USD 2.15 per day (2017 PPP) to USD 3.00 per day (2021 PPP), which initially increased the global count of people in extreme poverty by 226 million. However, India emerged as a statistical outlier in a positive way. Thanks to its revised consumption data and improved survey methods, India's updated figures actually helped reduce the global poverty count by 125 million. The SBI report noted that recent estimates for India's poverty ratio are comparable with World Bank's numbers, after making adjustments for differences in methodology and definitions. The continued fall in India's poverty rate highlights the success of its economic reforms, targeted welfare schemes, and improved data systems.

Volumes soar at AU Small Finance Bank Ltd counter
Volumes soar at AU Small Finance Bank Ltd counter

Business Standard

time27 minutes ago

  • Business Standard

Volumes soar at AU Small Finance Bank Ltd counter

AU Small Finance Bank Ltd saw volume of 104.69 lakh shares by 10:46 IST on BSE, a 51.1 fold spurt over two-week average daily volume of 2.05 lakh shares Grasim Industries Ltd, Jindal Saw Ltd, Coforge Ltd, Sun TV Network Ltd are among the other stocks to see a surge in volumes on BSE today, 10 June 2025. AU Small Finance Bank Ltd saw volume of 104.69 lakh shares by 10:46 IST on BSE, a 51.1 fold spurt over two-week average daily volume of 2.05 lakh shares. The stock increased 0.28% to Rs.774.00. Volumes stood at 11.46 lakh shares in the last session. Grasim Industries Ltd clocked volume of 1.18 lakh shares by 10:46 IST on BSE, a 15 times surge over two-week average daily volume of 7864 shares. The stock gained 3.95% to Rs.2,711.60. Volumes stood at 11799 shares in the last session. Jindal Saw Ltd clocked volume of 15.45 lakh shares by 10:46 IST on BSE, a 9.1 times surge over two-week average daily volume of 1.70 lakh shares. The stock gained 9.36% to Rs.253.60. Volumes stood at 6.7 lakh shares in the last session. Coforge Ltd notched up volume of 1.67 lakh shares by 10:46 IST on BSE, a 4.5 fold spurt over two-week average daily volume of 37186 shares. The stock rose 3.35% to Rs.1,853.55. Volumes stood at 30090 shares in the last session. Sun TV Network Ltd recorded volume of 25343 shares by 10:46 IST on BSE, a 3.53 times surge over two-week average daily volume of 7184 shares. The stock gained 1.04% to Rs.632.00. Volumes stood at 8114 shares in the last session.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store